Wealth Index
Less wealthy than 70% of counties in Arkansas
The wealth index reflects the overall economic prosperity and financial well-being of a county's residents based on income levels, employment rates, and income inequality metrics.
Income Statistics Overview
| Metric | Poinsett County | Arkansas Avg | US Average |
|---|---|---|---|
| Median Household Income | $48,347 | $58,772 | $78,145 |
| Median Personal Income | $44,103 | $49,808 | $61,726 |
| Average income growth | 4.7% | 4.7% | 5.1% |
| Six-Figure Earners | 2.9% | 7.6% | 13.2% |
The median household income in Poinsett County is about 18% lower than in Arkansas. Income has been growing faster in Poinsett County (4.7%/yr) than in Arkansas (4.7%/yr).
About 3% of adults in Poinsett County earn six figures ($100,000 or more) a year, lower than the Arkansas average of 8%.
Median Household Income 2009–2023 Trend
Median Household Income Over Time
Median household income in Poinsett County, Arkansas grew by 50.1% from 2009 to 2023, reaching $48,347 in 2023. That's an average of about 4.7% per year.
Economic Inequality in Poinsett County | Gender Pay Gap | Gini Coefficient
| Metric | Poinsett County | Arkansas Avg | US Average |
|---|---|---|---|
| Gini Coefficient | 0.520 | 0.556 | 0.570 |
| Male Median Income | $55,124 | $55,368 | $67,746 |
| Female Median Income | $38,295 | $44,548 | $54,793 |
| Gender Pay Gap | 30.5% | 19.5% | 19.1% |
The Gini coefficient measures how evenly income is shared between richer and poorer households, from 0 (everyone earns the same) to 1 (one household earns nearly everything). The lower the number, the more equally income is distributed. In Poinsett County, it is 0.520, lower than Arkansas's 0.556, so income is more evenly distributed here than there, and lower than the US's 0.570, so income is more evenly distributed here than there.
Men's income is about 44% more than women's income in Poinsett County, Arkansas. Over a 35-year career, a 44% wage gap accumulates to roughly $589,015 in unearned income for female workers in the area.
Income by Sex Over Time
Since 2009, the income gap between men and women in Poinsett County, Arkansas has widened from about 26% to 31% in 2023. In dollar terms, the gap has widened by $8,021 since 2009.
Employment
| Metric | Poinsett County | Arkansas Avg | US Average |
|---|---|---|---|
| Unemployment Rate | 5.3% | 5.1% | 5.2% |
| Working from Home | 3.3% | 7.8% | 13.4% |
| Commute time (minutes) | 22 | 18 | 22 |
Approximately 522 people are unemployed in Poinsett County, Arkansas.
The average commute time in Poinsett County is 22 minutes, longer than the 18 minutes in Arkansas.
Unemployment Rate Over Time
Since 2011, the unemployment rate in Poinsett County, Arkansas has fallen from 12.9% to 5.3% in 2023.
Conclusion
Considering all these factors, Poinsett County, Arkansas has an overall wealth index grade of D, making it about on par with Arkansas, and somewhat worse than the country as a whole.
Frequently Asked Questions
Common questions about income and wealth in Poinsett County, Arkansas.
How Rich Is Poinsett County, Arkansas?
Poinsett County has a wealth index grade of D. The wealth index grades areas from A+ (best) to F- by combining income levels, employment rates, and income inequality; a D grade means residents are somewhat worse off than the U.S. average. The median household income is $48,347, about 18% lower than the Arkansas average of $58,772.
What is the current median household income in Poinsett County, Arkansas?
As of 2023, the median household income in Poinsett County, Arkansas is $48,347.
What was the median household income in Poinsett County in 2023?
In 2023, the median household income in Poinsett County, Arkansas was $48,347.
What was the median household income in Poinsett County in 2020?
In 2020, the median household income in Poinsett County, Arkansas was $40,766.
What is the Gini coefficient in Poinsett County, Arkansas?
The Gini coefficient in Poinsett County is 0.520. It measures income inequality on a scale from 0 (everyone earns the same) to 1 (one household earns everything). That is lower than the US average of 0.570, so income is distributed more equally than in the country overall.
How has the income gap between men and women changed in Poinsett County, Arkansas?
Since 2009, the income gap between men and women in Poinsett County, Arkansas has widened from about 26% to 31% in 2023. In dollar terms, the gap has widened by $8,021 since 2009.